Brazil
  • pt
  • en
    • Search

    PAVE

    U.S. Infrastructure Development ETF

    Invest in PAVE

    Reasons to Consider PAVE

    Compelling Need

    The American Society of Civil Engineers assigned a letter grade of C to the state of U.S. infrastructure in its 2025 report card, highlighting the need for investment.1

    Multiple Long-Term Catalysts

    America is committed to improving its aging infrastructure. The Infrastructure Investment and Jobs Act, Inflation Reduction Act, and CHIPS and Science Act appropriated nearly $1tn to fund critical infrastructure projects.2

    Unconstrained Approach

    As the economy evolves, so do infrastructure needs. PAVE seeks to capture this trend by investing in companies that are part of the infrastructure theme, regardless of sector or industry.

    1American Society of Engineers, Mar 20252Politico, 2024

    Key Information As of 04/22/26

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $12.72 billion
    NAV $55.12

    ETF Summary

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to invest in companies that stand to benefit from a potential increase in infrastructure activity in the United States, including those involved in the production of raw materials, heavy equipment, engineering, and construction.

    ETF Objective

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx U.S. Infrastructure Development Index.

    Trading Details As of 04/22/26

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe BZX
    Shares Outstanding 230,700,000
    Number of Holdings 100
    30-Day Median Bid-Ask Spread 0.02%

    Distributions As of 04/22/26

    30-Day SEC Yield 0.59%
    Distribution Frequency Semi Annually
     Distribution History

    ETF Prices As of 04/22/26

    NAV $55.12 Daily Change -$0.10 -0.18%
    Market Price $55.13 Daily Change -$0.11 -0.20%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 03/31/26)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE -7.77% 9.38% 6.36% 36.00% 39.84% 259.75% 03/06/17
    Returns (as of 04/21/26)
    		Return PAVE Return Index
    Since Inception 290.97% 310.38%
    12 Months 48.98% 49.57%
    24 Months 53.09% 54.42%
    Last 60 Trading Days 7.70% 7.80%
    Last 75 Trading Days 15.83% 15.94%
    Monthly Returns (through 04/21/26)
    		Return PAVE Return Index
    Apr 2026 9.48% 9.53%
    Mar 2026 -7.74% -7.75%
    Feb 2026 8.58% 8.63%
    Jan 2026 6.20% 6.22%
    Dec 2025 0.94% 0.96%
    Nov 2025 0.56% 0.58%
    Oct 2025 1.28% 1.33%
    Sep 2025 2.48% 2.54%
    Aug 2025 1.77% 1.81%
    Jul 2025 4.84% 4.88%
    Jun 2025 5.25% 5.27%
    May 2025 8.11% 8.16%
    Apr 2025 1.84% 1.85%
    Mar 2025 -6.20% -6.17%
    Feb 2025 -5.01% -4.97%
    Jan 2025 4.64% 4.70%
    Dec 2024 -11.26% -11.22%
    Nov 2024 11.12% 11.19%
    Oct 2024 -0.05% -0.04%
    Sep 2024 4.42% 4.46%
    Aug 2024 -1.34% -1.35%
    Jul 2024 7.91% 8.00%
    Jun 2024 -4.38% -4.35%
    May 2024 3.28% 3.37%
    Apr 2024 -5.87% -5.85%

    Total returns take into account management, administration and fees and other costs automatically deducted from the fund's assets. Before investing, you may read the prospectus in the “FEES AND EXPENSES” section for more details.

    NAV & Index Chart

    Top Holdings As of 04/22/26

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.68 PWR QUANTA SERVICES INC United States 2150204 613.78 764,947 469,509,169.66
    3.48 ETN EATON CORP PLC United States B8KQN82 413.87 1,073,403 444,249,299.61
    3.44 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 477.19 918,541 438,318,579.79
    3.39 CSX CSX CORP United States 2160753 43.18 10,011,645 432,302,831.10
    3.12 DE DEERE & CO United States 2261203 579.99 686,283 398,037,277.17
    3.11 HWM HOWMET AEROSPACE INC United States BKLJ8V2 240.88 1,647,167 396,769,586.96
    3.02 UNP UNION PACIFIC CORP United States 2914734 249.40 1,548,075 386,089,905.00
    3.02 SRE SEMPRA United States 2138158 92.38 4,177,826 385,947,565.88
    2.90 NSC NORFOLK SOUTHERN CORP United States 2641894 298.33 1,239,867 369,889,522.11
    2.85 PH PARKER HANNIFIN CORP United States 2671501 954.43 380,541 363,199,746.63
    2.81 FAST FASTENAL CO United States 2332262 44.81 8,000,588 358,506,348.28
    2.71 NUE NUCOR CORP United States 2651086 214.26 1,612,951 345,590,881.26
    2.69 ROK ROCKWELL AUTOMATION INC United States 2754060 407.02 842,993 343,115,010.86
    2.67 EMR EMERSON ELECTRIC CO United States 2313405 142.77 2,386,494 340,719,748.38
    2.62 CRH CRH PLC United States B01ZKD6 116.09 2,880,406 334,386,332.54
    2.36 URI UNITED RENTALS INC United States 2134781 802.79 375,035 301,074,347.65
    2.13 EME EMCOR GROUP INC United States 2474164 860.00 316,090 271,837,400.00
    2.12 VMC VULCAN MATERIALS CO United States 2931205 290.11 932,176 270,433,579.36
    2.03 MLM MARTIN MARIETTA MATERIALS United States 2572079 610.64 424,577 259,263,699.28
    1.84 STLD STEEL DYNAMICS INC United States 2849472 227.46 1,030,202 234,329,746.92
    1.73 AMRZ AMRIZE LTD United States BV5F675 56.58 3,899,734 220,646,949.72
    1.64 MTZ MASTEC INC United States 2155306 376.50 556,677 209,588,890.50
    1.62 HUBB HUBBELL INC United States BDFG6S3 549.75 374,905 206,104,023.75
    1.21 WWD WOODWARD INC United States 2948089 366.48 422,333 154,776,597.84
    1.17 CRS CARPENTER TECHNOLOGY United States 2177504 423.91 351,444 148,980,626.04
    1.15 ATI ATI INC United States 2526117 153.30 958,469 146,933,297.70
    1.07 FTV FORTIVE CORP United States BYT3MK1 60.86 2,237,025 136,145,341.50
    1.03 RBC RBC BEARINGS INC United States B0GLYB5 588.74 223,167 131,387,339.58
    1.01 RS RELIANCE INC United States 2729068 350.87 368,327 129,234,894.49
    0.98 AA ALCOA CORP United States BYNF418 68.53 1,827,168 125,215,823.04
    0.91 TRMB TRIMBLE INC United States 2903958 69.09 1,674,634 115,700,463.06
    0.85 WCC WESCO INTERNATIONAL INC United States 2416973 314.45 343,283 107,945,339.35
    0.84 IEX IDEX CORP United States 2456612 203.63 527,886 107,493,426.18
    0.83 J JACOBS SOLUTIONS INC United States BNGC0D3 127.55 831,581 106,068,156.55
    0.83 MLI MUELLER INDUSTRIES INC United States 2609717 134.94 782,796 105,630,492.24
    0.83 STRL STERLING INFRASTRUCTURE INC United States 2632876 487.87 216,627 105,685,814.49
    0.82 CSL CARLISLE COS INC United States 2176318 353.50 294,907 104,249,624.50
    0.81 WLK WESTLAKE CORPORATION United States B01ZP20 114.28 905,014 103,424,999.92
    0.81 PNR PENTAIR PLC United States BLS09M3 89.60 1,152,626 103,275,289.60
    0.79 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 258.63 388,316 100,430,167.08
    0.78 GGG GRACO INC United States 2380443 85.55 1,169,399 100,042,084.45
    0.78 RRX REGAL REXNORD CORP United States 2730082 211.14 468,345 98,886,363.30
    0.75 RPM RPM INTERNATIONAL INC United States 2756174 106.52 902,757 96,161,675.64
    0.70 BLD TOPBUILD CORP United States BZ0P3W2 452.82 198,321 89,803,715.22
    0.66 WMS ADVANCED DRAINAGE SYSTEMS IN United States BP7RS59 153.82 548,770 84,411,801.40
    0.65 DY DYCOM INDUSTRIES INC United States 2289841 408.05 204,372 83,393,994.60
    0.61 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 220.62 351,560 77,561,167.20
    0.60 ACM AECOM United States B1VZ431 82.39 929,024 76,542,287.36
    0.57 CR CRANE CO United States BNYD4F8 179.63 406,670 73,050,132.10
    0.55 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 90.63 780,307 70,719,223.41
    0.51 PRIM PRIMORIS SERVICES CORP United States B1GC200 171.63 381,081 65,404,932.03
    0.51 VMI VALMONT INDUSTRIES United States 2926825 466.75 138,992 64,874,516.00
    0.50 AGX ARGAN INC United States 2804501 651.68 97,812 63,742,124.16
    0.49 AYI ACUITY INC United States 2818461 292.01 215,249 62,854,860.49
    0.49 POWL POWELL INDUSTRIES INC United States 2697422 242.77 257,376 62,483,171.52
    0.48 ZWS ZURN ELKAY WATER SOLUTIONS CORPORATION United States BMV1ZD3 52.48 1,179,675 61,909,344.00
    0.46 LGN LEGENCE CORP-CL A United States BT6CC17 79.28 737,000 58,429,360.00
    0.45 TTEK TETRA TECH INC United States 2883890 31.47 1,842,860 57,994,804.20
    0.43 CMC COMMERCIAL METALS CO United States 2213260 69.54 782,580 54,420,613.20
    0.41 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 132.89 389,582 51,771,551.98
    0.37 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 333.04 143,338 47,737,287.52
    0.37 PLPC PREFORMED LINE PRODUCTS CO United States 2798466 329.05 143,134 47,098,242.70
    0.37 CENX CENTURY ALUMINUM COMPANY United States 2186254 63.09 742,418 46,839,151.62
    0.36 EXP EAGLE MATERIALS INC United States 2191399 204.07 226,359 46,193,081.13
    0.36 CTOS CUSTOM TRUCK ONE SOURCE INC United States BL66YS4 8.43 5,416,904 45,664,500.72
    0.35 DXPE DXP ENTERPRISES INC United States 2276627 163.77 271,636 44,485,827.72
    0.35 GRC GORMAN-RUPP CO United States 2379281 66.21 666,485 44,127,971.85
    0.34 TITN TITAN MACHINERY INC United States B29H3T5 20.41 2,137,412 43,624,578.92
    0.34 MTRN MATERION CORP United States 2149622 179.31 240,895 43,194,882.45
    0.33 CTRI CENTURI HOLDINGS INC United States BMDPVF7 33.45 1,264,573 42,299,966.85
    0.33 NWPX NWPX INFRASTRUCTURE INC United States 2035925 81.47 514,199 41,891,792.53
    0.33 KNF KNIFE RIVER CORP United States BPLL4V5 88.79 472,026 41,911,188.54
    0.33 ASTE ASTEC INDUSTRIES INC United States 2060370 57.96 720,187 41,742,038.52
    0.32 ROAD CONSTRUCTION PARTNERS INC-A United States BDT5M66 121.01 338,421 40,952,325.21
    0.32 ACA ARCOSA INC United States BGPZ5W8 117.83 346,058 40,776,014.14
    0.32 TRN TRINITY INDUSTRIES INC United States 2904627 31.23 1,298,515 40,552,623.45
    0.31 TPC TUTOR PERINI CORP United States 2681760 84.19 466,931 39,310,920.89
    0.30 CLF CLEVELAND-CLIFFS INC United States BYVZ186 9.50 4,019,742 38,187,549.00
    0.29 GVA GRANITE CONSTRUCTION INC United States 2381189 121.49 307,246 37,327,316.54
    0.29 MWA MUELLER WATER PRODUCTS INC-A United States B15RZR4 27.79 1,331,240 36,995,159.60
    0.29 MTX MINERALS TECHNOLOGIES INC United States 2595612 70.55 524,917 37,032,894.35
    0.29 MDU MDU RESOURCES GROUP INC United States 2547323 21.32 1,727,833 36,837,399.56
    0.28 LPX LOUISIANA-PACIFIC CORP United States 2535243 73.75 491,305 36,233,743.75
    0.28 USLM UNITED STATES LIME & MINERAL United States 2724115 132.02 273,793 36,146,151.86
    0.28 TEX TEREX CORP United States 2884224 61.06 582,281 35,554,077.86
    0.27 ATKR ATKORE INC United States BDHF495 71.32 487,800 34,789,896.00
    0.27 TTAM TITAN AMERICA SA United States BNM4XQ7 16.43 2,102,051 34,536,697.93
    0.27 CSW CSW INDUSTRIALS INC United States BYQD1J6 290.64 117,707 34,210,362.48
    0.26 GBX GREENBRIER COMPANIES INC United States 2387530 48.03 702,989 33,764,561.67
    0.26 MTUS METALLUS INC United States BNBPMX1 18.73 1,754,918 32,869,614.14
    0.25 EXPO EXPONENT INC United States 2330318 67.56 475,042 32,093,837.52
    0.24 RYZ RYERSON HOLDING CORP United States B3TPPZ6 25.71 1,194,267 30,704,604.57
    0.24 WNC WABASH NATIONAL CORP United States 2932048 8.71 3,464,830 30,178,669.30
    0.24 DNOW DNOW INC United States BMH0MV1 12.28 2,443,374 30,004,632.72
    0.22 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 39.97 699,735 27,968,407.95
    0.22 CALX CALIX INC United States B3S4L67 42.65 642,726 27,412,263.90
    0.21 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 15.64 1,686,775 26,381,161.00
    0.21 IIIN INSTEEL INDUSTRIES INC United States 2325875 25.02 1,051,130 26,299,272.60
    0.20 BMI BADGER METER INC United States 2069128 123.56 208,131 25,716,666.36
    0.20 HRI HERC HOLDINGS INC United States BZBZ020 107.86 234,693 25,313,986.98
    0.07 CASH United States 1.00 8,561,103 8,561,103.35
    0.01 OTHER PAYABLE & RECEIVABLES United States 1.00 867,620 867,620.24
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 03/31/26

    Sector Weight (%)
    Industrials 71.9
    Materials 22.3
    Utilities 3.8
    Information Technology 1.4
    Consumer Discretionary 0.6

    Source: AltaVista Research, LLC

    ETF Characteristics As of 04/21/26

    Return on Equity 15.10%
    Weighted Avg. Market Cap 45,691 M
    2025 2026
    Price-to-earnings 30.02 24.88
    Price-to-book value 3.96 3.56

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 03/31/26

    Versus Beta
    S&P 500 1.02
    MSCI EAFE 0.96
    MSCI Emg. Mkts 0.78
    Standard Deviation 20.70%

    Source: AltaVista Research, LLC

    ETF Documents

    TERMS OF USE

    Global X Brasil Gestora de Investimentos Ltda. (“Global X Brasil”) is an asset manager authorized by the Brazilian Securities and Exchange Commission (“CVM”), constituted in the form of CVM Resolution No. 21/2021. Investing involves risks. The material on this site is for informational purposes only and does not constitute investment advice, recommendation, offer or solicitation to buy or sell any securities, funds, or strategies to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be illegal under the securities laws of such jurisdiction. Opinions expressed here are subject to change without notice. Reliance upon the information contained in this material is at the sole discretion of the reader. No securities regulator has confirmed the accuracy of any information contained herein. Access to the information on this site or the use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use is contrary to local law, rules, or regulation. Investment in index funds (ETFs) involves risks, including detachment from the benchmark index and related to the liquidity of shares in the secondary market. Investment funds managed by Global X Brasil use strategies that can result in significant equity losses for their quota holders. Global X Brasil, its partners and employees are exempt of responsibility for any damages resulting directly or indirectly from the use of the information contained on this website.

    FOR EVALUATION OF THE PERFORMANCE OF AN INVESTMENT FUND, IT IS RECOMMENDED THE ANALYSIS OF AT LEAST 12 (TWELVE) MONTHS. INVESTMENT FUNDS DO NOT HAVE A GUARANTEE FROM THE ADMINISTRATOR, THE MANAGER, ANY INSURANCE MECHANISM OR CREDIT GUARANTEE FUND – FGC. INVESTMENTS IN FINANCIAL AND CAPITAL MARKETS ARE SUBJECT TO RISKS OF LOSS GREATER THAN THE TOTAL VALUE OF INVESTED CAPITAL. PAST PROFITABILITY DOES NOT REPRESENT A GUARANTEE OF FUTURE PROFITABILITY THE PROFITABILITY DISCLOSED IS NOT NET OF TAXES. READ THE PROSPECTUS, THE FORM OF COMPLEMENTARY INFORMATION, SHEET OF ESSENTIAL INFORMATION AND THE REGULATION BEFORE INVESTING. DESCRIPTION OF THE ANBIMA TYPE AVAILABLE IN THE FORM OF COMPLEMENTARY INFORMATION.

    Back to Top